Dan Woods: How the 'Internet of Things' Is Transforming the Meaning of Product

Source: „At one point Steve Jobs offered to buy Dropbox, explaining to the founders that their cloud-based file system was really a feature, not a product. In my view Jobs was right with respect to Apple’s definition of a product. But what he failed to understand was that the Internet had fractured the meaning of the word product. Dropbox and many other companies have proved it is possible to build a great business around a simple service. Dropbox may or may not be a product the way Jobs used the word, but it certainly is a business.”